Minneapolis/St. Paul, Minnesota prices: $2,200,000,000 in 1990 $5,194,286,614.17 in 2024

Inflation in Minnesota

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Prices in Minneapolis/st. Paul, 1990-2024 ($2,200,000,000)

According to the U.S. Bureau of Labor Statistics, prices in Minneapolis-St Paul, Minnesota are 136.10% higher in 2024 versus 1990 (a $2,994,286,614.17 difference in value).

Between 1990 and 2024: Minneapolis/St. Paul experienced an average inflation rate of 2.56% per year. This rate of change indicates significant inflation. In other words, $2,200,000,000 in Minneapolis/St. Paul in the year 1990 would cost $5,194,286,614.17 in 2024 for an equivalent purchase. Compared to the overall inflation rate of 2.61% during this same period, inflation in Minneapolis/St. Paul was lower.

In the year 1990: Pricing changed by 4.10%, which is above the average yearly change in Minneapolis/St. Paul during the 1990-2024 time period. Compared to inflation for all items in 1990 (5.40%), inflation in Minneapolis/St. Paul was lower.

Price Inflation in Minneapolis-St Paul, Minnesota since 1984

Consumer Price Index, U.S. Bureau of Labor Statistics
Years with the largest changes in pricing: 2022 (7.45%), 1988 (5.02%), and 2021 (4.84%).

View price changes for other categories
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Buying power of $2,200,000,000.00 since 1990

Below are calculations of equivalent buying power in Minneapolis/St. Paul, over time, for $2,200,000,000 beginning in 1990. Each of the amounts below is equivalent in terms of what it could buy at the time:

YearUSD ValueInflation Rate
1990$2,200,000,000.004.10%
1991$2,258,897,637.802.68%
1992$2,338,582,677.173.53%
1993$2,411,338,582.683.11%
1994$2,487,559,055.123.16%
1995$2,546,456,692.912.37%
1996$2,631,338,582.683.33%
1997$2,691,968,503.942.30%
1998$2,742,204,724.411.87%
1999$2,828,818,897.643.16%
2000$2,946,614,173.234.16%
2001$3,057,480,314.963.76%
2002$3,111,181,102.361.76%
2003$3,164,881,889.761.73%
2004$3,254,960,629.922.85%
2005$3,345,039,370.082.77%
2006$3,398,740,157.481.61%
2007$3,486,168,503.942.57%
2008$3,619,744,881.893.83%
2009$3,601,226,771.65-0.51%
2010$3,667,729,133.861.85%
2011$3,799,573,228.353.59%
2012$3,888,266,141.732.33%
2013$3,963,655,118.111.94%
2014$4,019,122,834.651.40%
2015$3,994,074,015.75-0.62%
2016$4,056,055,118.111.55%
2017$4,144,297,637.802.18%
2018$4,243,557,480.312.40%
2019$4,332,544,881.892.10%
2020$4,382,625,196.851.16%
2021$4,594,777,952.764.84%
2022$4,937,146,456.697.45%
2023$5,070,740,157.482.71%
2024$5,194,286,614.172.44%*

* Not final. See inflation summary for latest details.
** Extended periods of 0% inflation usually indicate incomplete underlying data. This can manifest as a sharp increase in inflation later on.


Raw Consumer Price Index data from U.S. Bureau of Labor Statistics for Minneapolis-St Paul, Minnesota:

Year19841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024
CPI103.100107.000108.400111.600117.200122.000127.000130.400135.000139.200143.600147.000151.900155.400158.300163.300170.100176.500179.600182.700187.900193.100196.200201.247208.958207.889211.728219.339224.459228.811232.013230.567234.145239.239244.969250.106252.997265.244285.008292.720299.852

Adjust Minneapolis/St. Paul prices for inflation

Start with the inflation rate formula:

CPI in 2024 / CPI in 1990 * 1990 USD value = 2024 USD value

Then plug in historical CPI values from above. The CPI for Minneapolis-St Paul, Minnesota was 127.000 in the year 1990 and 299.852 in 2024:

299.852 / 127.000 * $2,200,000,000 = $5,194,286,614.17

Therefore, according to U.S. Bureau of Labor Statistics, $2,200,000,000 in 1990 has the same "purchasing power" as $5,194,286,614.17 in 2024 (in the CPI category of Minneapolis-St Paul, Minnesota).


Source: U.S. Bureau of Labor Statistics began tracking the Consumer Price Index for Minneapolis-St Paul, Minnesota in 1984. In addition to Minneapolis/St. Paul, the index produces monthly data on changes in prices paid by urban consumers for a variety of goods and services.

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